Escaping expectation traps: how much commitment is required?

DOI10.1016/J.JEDC.2012.10.009MaRDI QIDQ318384zbMATH OpenOpenAlexFDO

Authors Christoph Himmels, Tatiana Kirsanova

Publication date 5 October 2016

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1016/j.jedc.2012.10.009

zbMATH Keywords

commitmentmultiple equilibrialimited commitmentdiscretionmonetary and fiscal policy interactions

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economics of information (91B44)

Recommendations

• Expectation traps and discretion
• Time consistent commitments of intermediate duration
• Equilibrium and government commitment
• LEARNING, COMMITMENT, AND MONETARY POLICY
• Expectation Traps and Monetary Policy

Cites work

• scientific article; zbMATH DE number 437299 (Why is no real title available?)
• scientific article; zbMATH DE number 1099371 (Why is no real title available?)
• scientific article; zbMATH DE number 3435336 (Why is no real title available?)
• scientific article; zbMATH DE number 802915 (Why is no real title available?)
• Dynamics of fiscal financing in the United States
• Existence and uniqueness of unmixed solutions of the discrete-time algebraic Riccati equation
• Expectation Traps and Monetary Policy
• Fiscal policy under loose commitment
• Models of Policy under Stochastic Replanning
• Monetary Discretion, Pricing Complementarity, and Dynamic Multiple Equilibria
• Optimal fiscal and monetary policy under sticky prices.
• Quick Job Entry or Long-TermHuman Capital Development? The Dynamic Effects of Alternative Training Schemes
• Rational Expectations and Policy Credibility Following a Change in Regime
• The Solution of Linear Difference Models under Rational Expectations

Cited in

(1)

• Equilibrium and government commitment

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